Advertisement
UK markets open in 50 minutes

  • NIKKEI 225

    37,560.64
    +122.03 (+0.33%)
     

  • HANG SENG

    16,803.31
    +291.62 (+1.77%)
     

  • CRUDE OIL

    83.02
    +0.17 (+0.21%)
     

  • GOLD FUTURES

    2,322.70
    -23.70 (-1.01%)
     

  • DOW

    38,239.98
    +253.58 (+0.67%)
     

  • Bitcoin GBP

    54,003.62
    +247.59 (+0.46%)
     

  • CMC Crypto 200

    1,401.91
    -12.85 (-0.91%)
     

  • NASDAQ Composite

    15,451.31
    +169.30 (+1.11%)
     

  • UK FTSE All Share

    4,362.60
    +66.19 (+1.54%)
     
Stock:

Trending tickers

Tesla, Nvidia, Tencent, Fresnillo

Jaguar Land Rover to cut production and jobs due to Brexit, diesel slump -ITV

Reuters - UK Focus

LONDON, April 13 (Reuters) - Britain's biggest carmaker Jaguar Land Rover will cut production and jobs due to Brexit and the fall in demand for diesel models, ITV (Frankfurt: A0BLQP - news) 's business editor tweeted on Friday.

"Formal announcement will be made on Monday. I’m told around 1,000 roles will be affected and that JLR will blame Brexit and sharp fall in demand for diesel," Joel Hills tweeted.

JLR did not offer an immediate comment when contacted by Reuters.

In January, the firm said it would temporarily reduce production at its northern English car plant in Halewood later this year in response to weakening demand due to Brexit and tax hikes on diesel cars but did not detail any job losses. (Reporting by Costas Pitas; editing by Stephen Addison)